News headlines about Square (NYSE:SQ) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Square earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 42.9887272676913 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern’s rankings:
A number of analysts have weighed in on the stock. Stephens reissued a “buy” rating and set a $41.00 target price on shares of Square in a report on Wednesday. Credit Suisse Group reissued a “positive” rating and set a $37.00 target price (up from $31.00) on shares of Square in a report on Monday, November 20th. Citigroup cut shares of Square from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 9th. Cantor Fitzgerald increased their price objective on shares of Square to $41.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Finally, Canaccord Genuity increased their price objective on shares of Square from $26.00 to $33.00 and gave the stock a “hold” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $35.37.
Square (SQ) traded up $1.46 during midday trading on Thursday, hitting $42.30. 21,020,162 shares of the stock were exchanged, compared to its average volume of 20,530,000. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $16,440.00 and a price-to-earnings ratio of -248.82. Square has a 1-year low of $13.84 and a 1-year high of $49.56.
Square (NYSE:SQ) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The business had revenue of $257.12 million during the quarter, compared to analyst estimates of $244.95 million. Square had a negative net margin of 3.04% and a negative return on equity of 7.98%. The firm’s revenue was up 44.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. equities research analysts predict that Square will post -0.15 EPS for the current fiscal year.
In other Square news, CAO Ajmere Dale sold 17,446 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $38.98, for a total transaction of $680,045.08. Following the transaction, the chief accounting officer now owns 134,518 shares in the company, valued at $5,243,511.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jack Dorsey sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $40.48, for a total value of $2,024,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,669,532 shares of company stock worth $62,050,058. Insiders own 32.68% of the company’s stock.
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Square, Inc (Square) is a commerce ecosystem. The Company enables its sellers start, run and grow their businesses. It combines software with hardware to enable sellers to turn mobile devices and computing devices into payments and point-of-sale solutions. Once a seller downloads the Square Point of Sale mobile application, they can take their first payment.
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